Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.72400).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. NZDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 51

Take Profits:
TP1= @ 0.71800
TP2= @ 0.71500
TP3= @ 0.71150


SL: Break Above R2

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Chart PatternsTechnical IndicatorsNZDNZDUSDTrend AnalysisUSD

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